The Central Bank projects Sri Lanka’s economy to pick up to 5.5 percent in 2019 from an estimated 5 percent this year.

Sri Lanka’s economy, largely due to adverse weather conditions, recorded a subdued growth rate of 3.1 percent in 2017, far below a project rate of 4.5 – 5.0 percent. Central Bank Governor Dr. Indrajit Coomaraswamy addressing the media at the launch of its annual report for 2017 said the economy is likely to bounce back this year.

“We think 5 percent is realistic, we expect growth to be 5 percent or a shade under this year.

“There should be a bounce back, low base effects last year will help to have a positive impact on growth this year,”

1 Response to “There is a lack of logic in the IMF stance” – CBSL Governor

Please don’t assume the intelligentsia in SL are stupid.
Mr Samee, SL economy is primarily based on Foreign Remittances of SL mothers who have sacrificed their lives and morals to be maids in the Middle East and Singapore.
The primary industries, tea, rubber, coconut have totally disappeared. The so-called export industries are fattening a few with political connections.
If you want growth rate to exceed 5%, go to the villages and promote the mothers there to go overseas to be raped and mistreated by Arab Sheiks.
All the crows in Colombo (Kolomba Kaake, including yourself and your family) are living on the sweat and morals of our mothers and sisters who sacrifice not only their lives but morals as well, to service the moronic demands of overseas employers.
Mr Samee, please keep that little hole in the bottom shut. We hate people who fart in public.
BTW, how’s your former boss, Raja, doing in the US prison? Sure he emails you often.